IBT Staff Reporter

The World Wide Web is on the cusp of making its next big leap to become an open environment for collaboration and its inventor said he has not been so optimistic in years.

DaimlerChrysler could face a $640 million fine as a result of a bribery probe by the U.S. justice department and the U.S. stock market regulator, German weekly Der Spiegel said on Saturday.

Kenya has annulled an agreement by Royal Dutch Shell to buy BP's 50 percent stake in their oil products marketing joint ventures in the east African nation, Shell said on Saturday.

U.S. Treasury Secretary John Snow said on Friday he was confident the Federal Reserve will protect growth by keeping inflation in check, and denied the Bush administration was softening its strong-dollar policy.

Insurer Royal & Sun Alliance is being sued in Britain for about $1 billion by General Motors, the U.S. auto giant, in a long-running dispute about personal injury claims linked to asbestos, the Daily Telegraph newspaper reported.

European generic drug firms hope to lead the world in developing cheap copies of biotech medicines, but industry experts see hurdles ahead and warn that carving out a major market will not happen overnight.

Advanced Micro Devices is aiming to chip away at more of Intel's market share in the mobile computing market, announcing on Thursday the dual core Turion and dual core 64-bit Sempron microprocessors.

These are good times for diversified U.S. manufacturers. So why aren't they doing more big mergers and acquisitions?

The drop in oil and metal prices this week has raised fears that a speculative bubble in commodities is bursting, but giant U.S. fund manager PIMCO says fundamentals will hold up the asset class.

Northrop Gumman Corp announced on Thursday that it has promoted its chief financial officer Wesley Bush to the post of president, assisting the current chief executive officer Ronald Sugar.

China Mobile (Hong Kong) Ltd., the largest mobile telephone provider in China, announced on Thursday that they and Google Inc. have been working together to bring internet search capabilities to China.

As it faces a potential shortfall, the International Monetary Fund (IMF) announced on Thursday that it would enlist the help of prominent financial figures to help find new ways to meet expenses.

Burger King Holdings Inc., the parent company to the popular Burger King chain of fast food restaurants, successfully finished their initial public offering at the close of Wednesday's stock exchange, raising more funds than any other restaurant in history.

Here's something that might get all those puzzled people on the hit TV dramas Lost and 24 really scratching their heads: Make them decipher the mail that credit card companies send out.

Internet media giant Yahoo Inc. plans to introduce its revamped Web search advertising system in the third quarter, but expects no financial contribution in 2006, executives said on Wednesday.

French media and telecoms group Vivendi on Wednesday rejected what it said was a demand from shareholder Sebastian Holdings to break itself up, while denying the fund had made a bid approach worth over 40 billion euros ($51.2 billion).

Billionaire investors Warren Buffett and Carl Icahn may differ in investment strategies but they both own sizable stakes in Tyco International Ltd., an analysis of recent investment documents shows.

Being diversified isn't as easy as it used to be, but it's more important than ever.

Hewlett-Packard Co. on Tuesday posted a better-than-expected profit as it gained market share in personal computers and sold more of its highly profitable ink supplies, sending shares 3.3 percent higher.

The number of Asian-owned businesses grew 24 percent from 1997 to 2002, according to a new report by the US. Census Bureau.

Wholesale prices rose more quickly in April than they have in the past seven months, led largely by higher energy costs, including gasoline, the U.S. Department of Labor reported Tuesday.

Wal-Mart Stores Inc., announced on Tuesday that it had beat Wall Street expectations for its first fiscal quarter.

Qatar's oil minister, Abdullah al-Attiyah said on Monday that oil prices are no more influenced by the market's supply and demand than the political tensions.

Myspace.com, one of the Internet's fastest growing websites, will begin to offer Fox's popular 24 series as a download through its site next week.

Northwest Airlines Corp., which is seeking to emerge from bankruptcy, will go to trial in New York on Monday to void a contract with the union representing the air carrier’s baggers after the workers refused to accept pay cuts.

China’s yuan valuation broke through an important symbolic barrier against the dollar on Monday after the central bank lowered the mid-point of its currency just under the 8.0 yuan per dollar exchange rate.

Boeing Co. plans to pay $615 million to settle a U.S. Justice Department suit over procurement violations, according to a report on the Wall Street Journal's Web site on Monday.

Mobile phone group Vodafone could sell its stake in its joint venture with Verizon Communications for about $48 billion (25 billion pounds) before the end of the month, according to the Observer newspaper.

One of the winningest mutual fund managers ever is warning investors to back off of recent popular buys like commodities and emerging market stocks, and embrace old-fashioned blue chips.